Swiss Franc Reverses Its Gains Ahead Of Switzerland’s ZEW Economic Expec
GCI Financial | Dec 17, 2014 12:40AM ET
For the 24 hours to 23:00 GMT, the USD declined 0.53% against the CHF and closed at 0.9600, following yesterday’s disappointing economic data in the US.
In the Asian session, at GMT0400, the pair is trading at 0.9612, with the USD trading 0.12% higher from yesterday’s close.
The pair is expected to find support at 0.9558, and a fall through could take it to the next support level of 0.9505. The pair is expected to find its first resistance at 0.9660, and a rise through could take it to the next resistance level of 0.9709.
Going forward, investors await Switzerland’s KOF winter economic forecast as well as the ZEW’s economic expectation survey data, scheduled in a few hours.
The currency pair is trading between its 20 Hr and 50 Hr moving averages.
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